Serbia - Inulin - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInulin Price in Serbia - 2023
Contents:
- Inulin Price in Serbia (CIF) - 2022
- Inulin Price in Serbia (FOB) - 2022
- Inulin Imports in Serbia
- Inulin Exports in Serbia
Inulin Price in Serbia (CIF) - 2022
In 2022, the average inulin import price amounted to $2,887 per ton, shrinking by -2.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 23%. The import price peaked at $3,087 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($2,910 per ton), while the price for Italy ($2,751 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the prices for the other major suppliers experienced a decline.
Inulin Price in Serbia (FOB) - 2022
The average inulin export price stood at $4,152 per ton in 2022, increasing by 36% against the previous year. Over the period under review, the export price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the maximum at $4,163 per ton in 2013; afterwards, it flattened through to 2022.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($5,392 per ton), while the average price for exports to North Macedonia totaled $3,615 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.
Inulin Imports in Serbia
For the fourth consecutive year, Serbia recorded growth in purchases abroad of inulin, which increased by 4.3% to 695 tons in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 190% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, inulin imports expanded to $2M in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 200% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Inulin in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 351 | 821 | 1,193 | 1,093 | 46.0% |
| Belgium | 132 | 617 | 771 | 856 | 86.5% |
| Italy | N/A | N/A | N/A | 28.8 | 0% |
| Others | N/A | 11.9 | 6.6 | 26.5 | 49.2% |
| Total | 483 | 1,450 | 1,970 | 2,005 | 60.7% |
Top Suppliers of Inulin to Serbia in 2022:
- Netherlands (375.7 tons)
- Belgium (303.5 tons)
- Italy (10.5 tons)
Inulin Exports in Serbia
In 2022, approx. 13 tons of inulin were exported from Serbia; growing by 343% compared with the year before. In general, exports, however, faced a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 1,400%.
In value terms, inulin exports skyrocketed to $55K in 2022. Over the period under review, exports, however, recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 1,091%.
| Export of Inulin in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 103 | N/A | 9.1 | 47.0 | -23.0% |
| Montenegro | 3.0 | 0.8 | N/A | 0.6 | -41.5% |
| Bosnia and Herzegovina | 49.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 7.7 | 0% |
| Total | 155 | 0.8 | 9.1 | 55.2 | -29.1% |
Top Export Markets for Inulin from Serbia in 2022:
- North Macedonia (13.0 tons)
- Montenegro (0.1 tons)
This report provides an in-depth analysis of the inulin market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621130 - Inulin
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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